We present a dynamic, continuous-time model in which risk averse inside equityholders set a bank’s lending, payout, and financing policies, and the exposure of bank assets to crashes. We examine whether bailouts encourage excessive lending and risk taking compared to liquidation or bail-ins with debt-to-equity conversion or debt write-downs. The effects of the prevailing insolvency resolution mechanism (IRM) on the probability of insolvency, loss in default, and the bank’s value suggest no single IRM is a panacea. We show how a bailout fund financed through a tax on bank dividends resolves bailouts without public money and without distorting insiders’ incentives.

La technique d’Eye-tracking (ET), basée sur la détection du reflet cornéen généré par une lumière infrarouge, permet l’enregistrement en temps réel des mouvements oculaires d’un individu explorant une image ou son environnement. Cette technique révélant le sens du regard en une succession de saccades et de fixations a permis d’apporter un nouvel éclairage sur la manière dont un individu explore le monde environnant et de mettre en lumière les particularités perceptives dans différentes pathologies, dont les troubles du spectre autistique. Les sujets avec trouble du spectre autistique présentent des atypies perceptives se traduisant notamment par un biais de traitement en faveur de la dimension locale (détails). La majorité des travaux en ET se sont intéressés à la cognition sociale. Certains ont notamment révélé que les stratégies d’exploration des visages au sein d’une scène sociale en milieu naturel étaient différentes chez les sujets TSA et pourraient contribuer aux troubles de cognition sociale et de reconnaissance émotionnelle [1]. Toutefois, cette technique trouve également son intérêt dans l’étude d’autres domaines cognitifs tels que les capacités de catégorisation [2] ou la mémoire. Les personnes avec TSA ont un fonctionnement mnésique atypique [3], résultant notamment de difficultés de sélection et d’intégration d’informations perceptives complexes. Ces difficultés ont été identifiées dès les premières millisecondes d’exploration de l’information à mémoriser [4]. Nous proposons d’illustrer l’apport de cette approche pour la caractérisation des atypies perceptives des personnes avec TSA et leurs répercussions sur le fonctionnement cognitif. Nous aborderons également les perspectives nouvelles d’évaluation neuropsychologique et de remédiation qu’offre cette technique d’ET au clinicien.

The accumulation region of Fedchenko Glacier represents an extensive snow reservoir in the Pamir Mountains feeding the longest glacier in Central Asia. Observed elevation changes indicate a continuous ice loss in the ablation region of Fedchenko Glacier since 1928, while the mass balance of the accumulation region is largely unknown. In this study, we show that accumulation varies considerably in the main accumulation basin, with accumulation rates up to 2400 mm w.e. a−1 in the West, decreasing to <1000 mm w.e. a−1 in the center, although the elevation difference is <200 m. The combination of snow/firn samples and ground-penetrating radar profiles suggests that this accumulation pattern is persistent during the recent past. The recent accumulation history is reconstructed from internal radar reflectors using a firn densification model and shows strong interannual variations, but near constant mean values since 2002. Modeling of trajectories, based on accumulation and glacier geometry, results in an estimate of the depth/age relation close to the main divide. This region provides one of the most suitable locations for retrieving climate information with temporal high resolution for the last millennium, with a potential to cover most of the Holocene in less detail.

We compared elastic moduli in polar firn derived from diving wave refraction seismic velocity analysis, firn-core density measurements and microstructure modelling based on firn-core data. The seismic data were obtained with a small electrodynamic vibrator source near Kohnen Station, East Antarctica. The analysis of diving waves resulted in velocity–depth profiles for different wave types (P-, SH- and SV-waves). Dynamic elastic moduli of firn were derived by combining P- and S-wave velocities and densities obtained from firn-core measurements. The structural finite-element method (FEM) was used to calculate the components of the elastic tensor from firn microstructure derived from X-ray tomography of firn-core samples at depths of 10, 42, 71 and 99 m, providing static elastic moduli. Shear and bulk moduli range from 0.39 to 2.42 GPa and 0.68 to 2.42 GPa, respectively. The elastic moduli from seismic observations and the structural FEM agree within 8.5% for the deepest achieved values at a depth of 71 m, and are within the uncertainty range. Our observations demonstrate that the elastic moduli of the firn can be consistently obtained from two independent methods which are based on dynamic (seismic) and static (tomography and FEM) observations, respectively, for deeper layers in the firn below ~10 m depth.

This article focuses on the strategy to replace the UK Human Rights Act 1998 (HRA) with a home-grown Bill of Rights to lessen the influence of the European Court of Human Rights' case law. Without attempting to disregard the national-specific elements, the discussion of these questions is very relevant for all States confronted with the influence of Strasbourg. The tension between coherence, efficiency and autonomy is overarching. The article therefore approaches the issue not only from an outsider's perspective but also, where relevant, from a comparative constitutional law perspective. Both perspectives seem to be largely absent from the current (academic) debate. Firstly, this article analyzes the current relationship between the UK Supreme Court and the Strasbourg Court, which reveals that the judicial arguments in support of a mirror principle are not so much based on section 2(1) HRA, as they are, in the domestic courts' relationship with Strasbourg, on concerns about international obligations, hierarchy, effectiveness of the Strasbourg Court, coherence and efficiency. Internally, judicial arguments are founded on concerns about separation of powers, limited jurisdiction, and accustomedness to the precedent system. In the second part, this article focuses on the potential impact of a home-grown Bill of Rights on the current relationship between both courts; concluding that a home-grown Bill of Rights will most likely cause domestic courts to receive less latitude by Strasbourg and will not absolve domestic judges from the duty of taking into account the Strasbourg case law.

Immunocastration provides a less invasive means of castrating lambs. Considering increasing consumer awareness, the efficacy of this technique on commercial slaughter lambs needs to be further investigated and its effects on growth and stress responses need to be established. This study compared the growth rate, testes size and stress responses of immunocastrated lambs with that of lambs physically castrated with a Burdizzo clamp, as well as intact rams. A total of 40 Dohne Merino ram lambs (average live weight = 45.4±3.68 kg) were randomly allocated to the following four treatment groups: control (intact; R), Burdizzo-castrated (on day 2; B), immunocastrated with a 4-week (ICS4), or a 6-week (ICS6) interval between the second immunocastration vaccination and slaughter. Within the immunocastration treatments, the reaction to vaccination was assessed through injection site scoring, recording the local injection site surface temperature and assigning a walking score. The response to Burdizzo castration was assessed by scoring the reaction during the procedure, testes palpation reaction, walking gait and measuring testis temperature. Additional parameters recorded included BW, serum cortisol concentration, scrotal circumference and rectal temperature. Pain behaviours were described for the short-, medium- and long-term effects after the two methods of castration. Predominantly, tissue-hardening and bruising occurred at the injection sites of immunocastrates, but little effect was observed on walking comfort and no effect on injection site temperature or rectal temperatures. After Burdizzo castration, lambs spent more time in abnormal postures, and from day 3 (D3) to D8 of the trial, discomfort was observed during testes palpation and walking in B lambs. Serum cortisol concentrations were elevated in B lambs on D3 and D15, indicating physiological stress. Thus, immunocastration improved the welfare of castrated lambs as assessed by cortisol secretion, scrotal swelling and pain behaviours, without influencing growth rate.

Immunocastration improves the welfare of castrated commercial slaughter lambs; however, the time-point at which this technique influences semen quality and sperm production has not yet been established for various vaccination schedules. Furthermore, the effect of extended intervals between second vaccination and slaughter needs to be investigated regarding continued testosterone suppression in immunocastrated lambs. The effect of extending the interval between second immunocastration vaccination and slaughter from four to six weeks on the reproductive capacity of Dohne Merino lambs was examined. A total of 40 Dohne Merino lambs were stratified according to initial weight (45.4±3.68 kg) and randomly assigned to four treatments that included intact control rams (R), Burdizzo-castrated lambs (B) and lambs immunocastrated with either four (ICS4) or six (ICS6) weeks between second vaccination and slaughter. Blood and semen samples were collected throughout the study period to determine serum testosterone concentrations, evaluate semen quality and assess sperm viability. Semen samples from R showed improvement over the trial. Throughout the collection period, B lambs had low serum testosterone concentrations, poor sperm motility and sperm viability, as expected. However, a slight increase in the percentage of live sperm in semen samples from B lambs towards the end of the collection period indicated poor success rates of the technique in some lambs. Burdizzo-castration also caused testes tissue necrosis and abscessing, indicating physiological stress. Semen appearance scores varied for both immunocastrated treatments, but the mass motility scores decreased over time. The ICS6 lambs showed a consistent and continuous decline in serum testosterone concentrations and sperm viability, with an increased percentage of dead abnormal sperm in the semen samples at the end of the study. The ICS4 treatment was successful in interrupting serum testosterone production and reducing semen quality; however, not as consistently as the ICS6 treatment. Primary immunocastration vaccination influenced serum testosterone concentrations but consistently low levels were only realised for both treatments after secondary vaccination. Although all castration treatments influenced testes size and colour, the six-week vaccination-to-slaughter interval caused a greater decrease in testes cut surface L* (lightness) colour values and in seminiferous tubule circumference. Extending the interval between second immunocastration vaccination and slaughter resulted in a more consistent and reliable influence on reproductive capacity of immunocastrated lambs. Thus, immunocastration is a suitable alternative to Burdizzo-castration regarding the interruption of testosterone production and testis functioning.

Vibration energy harvesting aims to harness the energy of ambient random vibrations for power generation, particularly in small-scale devices. Typically, stochastic excitation driving the harvester is modelled as a Brownian process and the dynamics are studied in the equilibrium state. However, non-Brownian excitations are of interest, particularly in the nonequilibrium regime of the dynamics. In this work we study the nonequilibrium dynamics of a generic piezoelectric harvester driven by Brownian as well as (non-Brownian) Lévy flight excitation, both in the linear and the Duffing regimes. Both the monostable and the bistable cases of the Duffing regime are studied. The first set of results demonstrate that Lévy flight excitation results in higher expectation values of harvested power. In particular, it is shown that increasing the noise intensity leads to a significant increase in power output. It is also shown that a linearly coupled array of nonlinear harvesters yields improved power output for tailored values of coupling coefficients. The second set of results show that Lévy flight excitation fundamentally alters the bifurcation characteristics of the dynamics. Together, the results underscore the importance of non-Brownian excitation characterised by Lévy flight in vibration energy harvesting, both from a theoretical viewpoint and from the perspective of practical applications.

Snow can be considered an independent ecosystem that hosts active microbial communities. Snow microbial communities have been extensively investigated in the Arctic and in the Antarctica, but rarely in mid-latitude mountain areas. In this study, we investigated the bacterial communities of snow collected in four glacierized areas (Alps, Eastern Anatolia, Karakoram and Himalaya) by high-throughput DNA sequencing. We also investigated the origin of the air masses that produced the sampled snowfalls by reconstructing back-trajectories. A standardized approach was applied to all the analyses in order to ease comparison among different communities and geographical areas. The bacterial communities hosted from 25 to 211 Operational Taxonomic Units (OTUs), and their structure differed significantly between geographical areas. This suggests that snow bacterial communities may largely derive from ‘local’ air bacteria, maybe by deposition of airborne particulate of local origin that occurs during snowfall. However, some evidences suggest that a contribution of bacteria collected during air mass uplift to snow communities cannot be excluded, particularly when the air mass that originated the snow event is particularly rich in dust.

This study uses data on income and distribution of relief payments from local poor relief tables for 512 rural parishes in Flanders (present-day Belgium) in 1807 to examine spatial variation in poor relief practices in a region characterised by well-established local poor relief institutions and marked socio-economic differences. By combining data on poor relief with local data on population, landholding and occupational structure, we map out the relative importance of regional economies and local variation in producing distinct poor relief regimes. The results show that although local variation was considerable, the nature and extent of this variation interacted with structural socio-economic characteristics to produce regional patterns, signalling that local variation did not so much contradict as constitute regional patterns in poor relief regimes. The importance of socio-economic characteristics in determining both regional patterns and local variation supports our more general contention that local and regional levels of analysis represent a more fruitful avenue for understanding variations in poor relief practices than national differences in legislation, and therefore has implications for the comparative study of poor relief practices in a wider international context.

Fedchenko Glacier experienced a large thickness loss since the first scientific investigations in 1928. As the largest glacier in the Pamir Mountains, this glacier plays an important role for the regional glacier mass budget. We use a series of Global Navigation Satellite Systems observations from 2009 to 2016 and TanDEM-X elevation models from 2011 to 2016 to investigate recent elevation changes. Accounting for radar wave penetration minimizes biases in elevation that can otherwise reach up to 6 m in dry snow on Fedchenko Glacier, with mean values of 3–4 m in the high accumulation regions. The seasonal elevation changes reach up to ±5 m. The glacier surface elevation decreased along its entire length over multi-year periods. Thinning rates increased between 2000 and 2016 by a factor of 1.8 compared with 1928–2000, resulting in peak values of 1.5 m a−1. Even the highest accumulation basins above 5000 m elevation have been affected by glacier thinning with change rates between −0.2 and −0.4 m a−1 from 2009 to 2016. The estimated glacier-wide mass-balance rates are −0.27 ± 0.05 m w.e. a−1 for 2000 to 2011 and −0.51 ± 0.04 m w.e. a−1 between 2011 and 2016.

Let $W$ be a compact simply connected triangulated manifold with boundary and let $K\,\subset \,W$ be a subpolyhedron. We construct an algebraic model of the rational homotopy type of $W\text{ }\!\!\backslash\!\!\text{ K}$ out of a model of the map of pairs $\left( K,\,K\cap \partial W \right)\,\to \,\left( W,\,\partial W \right)$ under some high codimension hypothesis.

We deduce the rational homotopy invariance of the configuration space of two points in a compact manifold with boundary under 2-connectedness hypotheses. Also, we exhibit nice explicit models of these configuration spaces for a large class of compact manifolds.

This paper presents new data, derived from an analysis of 16 firn cores, on the distribution of the accumulation rate and 18O content of near-surface layers in the eastern part of the Ronne Ice Shelf, Antarctica. The firn cores were drilled along the traverse route of the Filchner-V-Campaign in 1995. The traverse followed an ice flowline of the Foundation Ice Stream and reached the margin of the inland ice, an area which has not yet been investigated. On the ice shelf the accumulation rates decrease with distance from the coast. Ascending to the inland ice the accumulation rates again reach almost coastal values. This regional distribution is in agreement with the temperature gradient along the traverse. The 18 content of the near-surface layers is closely related to the 10 m firn temperature. They strongly decrease from the grounding line towards the inland ice. At the southernmost site at 1100 ma.s.l, the mean δ18O value of the firn decreases to –40‰. Ice with that isotopic signature was found in cores from the central part of the Ronne Ice Shelf just above the marine ice layer, indicating that it originates from this area. All ice deposited as snow further south was melted beneath the ice shelf after passing the grounding-line area. The time series of accumulation rate and 18O content reveal no climatic trend during the last 30-50 years.

Data from the Filchner V Campaign were used to investigate the mass-balance conditions in the southeastern Ronne Ice Shelf (RIS), Antarctica. Radio-echo sounding and seismic measurements over this area show a maximum ice thickness of >2000 m close to the grounding line of Foundation Ice Stream. The measurements also revealed that the position of this grounding line is 40 km further south than previously thought. New mass-flux calculations result in an estimate of 51 km3 a−1 for the ice-stream transport from the ice sheet into the eastern ice shelf. The Mollereisstrom (MES), west of Foundation Ice Stream, shows a maximum ice thickness of 1100-1200 m in the grounding-line area and a mass flux of 23 km3 a−1.

Assuming steady-state conditions, mass-balance calculations based on the new data result in a mean melt rate of about 1 ma−1 at the ice-shelf base for the entire southeastern part of the RIS. The melt rate in the grounding-line area of Foundation Ice Stream exceeds 9 m a−1. In contrast, other ice streams draining into the Filchner-Ronne Ice Shelf show maximum melt rates from 1-2 ma-1. (MES) to 4 ma−1 (Rutford Ice Stream). Our calculations indicate that nearly all of the ice deposited in the drainage area of the eastern RIS on the ice sheet does not reach the ice-shelf front as original meteoric ice, but is melted at the ice-shelf base.

A distributed surface energy-balance study was performed to determine sub-debris ablation across a large part of Baltoro glacier, a wide debris-covered glacier in the Karakoram range, Pakistan. The study area is ~124km2. The study aimed primarily at analyzing the influence of debris thickness on the melt distribution. The spatial distribution of the physical and thermal characteristics of the debris was calculated from remote-sensing (ASTER image) and field data. Meteorological data from an automatic weather station at Urdukas (4022ma.s.l.), located adjacent to Baltoro glacier on a lateral moraine, were used to calculate the spatial distribution of energy available for melting during the period 1–15 July 2004. The model performance was evaluated by comparisons with field measurements for the same period. The model is reliable in predicting ablation over wide debris-covered areas. It underestimates melt rates over highly crevassed areas and water ponds with a high variability of the debris thickness distribution in the vicinity, and over areas with very low debris thickness (<0.03 m). We also examined the spatial distribution of the energy-balance components (global radiation and surface temperature) over the study area. The results allow us to quantify, for the study period, a meltwater production of 0.058 km3.

During the recent Italian expedition ‘K2 2004 – 50 years later’ (June–July 2004) on Baltoro glacier, Karakoram, Pakistan, glaciological field experiments were carried out on the debris-covered area of this high-elevation glacier. The aim was to investigate the ice ablation and its relations with debris thermal properties and meteorological conditions. Ablation measurements along the glacier up to about 5000 m and within a dedicated test field were combined with meteorological data from two automatic weather stations located at Urdukas (4022 ma.s.l.) and at K2 Base Camp (5033 m a.s.l.). In addition, temperature measurements of the debris cover at different depth levels along the glacier allowed the calculation of debris surface temperature and of the debris thermal resistance (R). Using the air temperature, the local mean lapse rate (0.0075˚C m−1) and the measured ablation, the degree-day factors (K) at different locations on the glacier were calculated. The ice ablation rates were related to debris thickness and elevation. They are typically on the order of 4 cm d−1 during the observation period. However, it was found that the surface topography (slope, aspect) has an influence on the total ablation similar to that of the debris thickness. Thermal resistance of the debris cover and its distribution over the glacier were estimated. Finally, a best-guess estimate of the total meltwater production was calculated from available climate data.

Beginning in 1996, aerial photographs were taken for a new Austrian glacier inventory, resulting in digital elevation models (DEMs) and digital orthoimages. An earlier inventory of the Austrian glaciers containing the original aerial photographs and glacier maps and a manual evaluation of various glacier parameters as of 1969 has been re-evaluated at the present state of the art. The two inventories provide the basis for the comparison of glacier reactions over a period of 29 years. In general a reduction of glacier area is observed for almost all Austrian glaciers between 1969 and 1998. The overall reduction in ice-covered area is 17%. The glacier volume change calculated from the DEMs amounts to about 5 km3. This is almost 22% of the ice volume in Austria in 1969, estimated from a volume–area relation. Changes of individual glaciers, however, show a wide variability, depending on their size and physiographic setting.

Baltoro glacier in the Karakoram, Pakistan, is one of the world’s largest valley glaciers. It drains an area of about 1500 km2 and is >60km long. In 2004 an Italian/German expedition carried out a glaciological field program on the ablation zone of the glacier, focusing on the ablation conditions and the dynamic state of the glacier. As Baltoro glacier is a debris-covered glacier, ice ablation also depends on the debris properties. Stake measurements of ice ablation and debris cover in combination with meteorological data from automatic weather stations close by have been used to determine the local melt conditions. Results from these calculations have been combined with an analysis of different classes of surface cover and information about precipitation, using remote-sensing techniques, in order to calculate mass fluxes for the upper part of Baltoro glacier. The dynamic state of the glacier has been investigated by GPS-based surface velocity measurements along the stake network. A comparison of these short-term measurements during the melt season with surface velocities computed from feature tracking of satellite images shows a high seasonal variability of the ice motion. We have shown that this variability is up to 100% of the annual mean velocity. On the basis of these investigations, the mass fluxes at the Concordia cross-section have been quantified. This approach can now be used together with the ablation calculations to reconstruct the variability of glacier extent and volume in the past using available climate data from the central Karakoram. From the comparison of historical measurements and photographs it is shown that the snout of Baltoro glacier is oscillating back and forth a couple of hundred metres. Otherwise it seems not to react with the same magnitude as other glaciers to the climatic change. Elevation changes at Concordia are a few tens of metres at the most.